The Australian Taxation Office gave qualifications for transactions that are coverable under the GST reverse charge mechanism for items purchased from outside Australia’s territories.
The guidance covers:
- The applicability of 10% reverse charge GST and the definition of this mechanism
- Regulations, prerequisites, and the transaction details needed for its application
- Products worth less than AUD 1,000 are considered low-value goods and might be subject to GST liability under the reverse charge rule.
- ….
Source GVC